Summary by Moomoo AI
U.S. Steel reported a Q4 2024 net loss of $89 million ($0.39 per share), compared to a Q4 2023 net loss of $80 million. The full-year 2024 net earnings were $384 million ($1.57 per share), down from $895 million in 2023. Q4 adjusted EBITDA was $190 million, while full-year adjusted EBITDA reached $1,366 million.The company's Q4 performance showed resilience despite weaker pricing and demand conditions. The North American Flat-Rolled segment achieved 10% EBITDA margin through strong cost management and diverse product mix. The Mini Mill segment commenced shipments from the new Big River 2 facility in December, though results were impacted by $50 million in construction and ramp-up costs.Looking ahead to Q1 2025, U.S. Steel expects adjusted EBITDA between $100-150 million. The outlook reflects seasonal logistics constraints in mining, partially offset by improving Mini Mill segment performance from increased BR2 shipments. The company anticipates generating positive free cash flow in 2025, supported by volume growth in the Mini Mill segment and continued operational strength in North American Flat-Rolled operations.
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